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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $86.63
- 5 Days on Market
- MLS # : 6812958
- Updated Date : 11/26/2020 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,886 sqft
- Baths : 3 full
Listing Agent's Description
Opportunity is knocking with this charming home! Well-maintained 5 bed / 3 bath home with spacious great room, updated kitchen, and split bedroom plan! Foyer leads into open-concept great room with vaulted ceilings and plenty of natural light! Renovated kitchen features stone counters, stainless steel appliances, and overlooks the main living area! Main level features Master bedroom with en-suite and two secondary bedrooms. Step out onto the spacious porch perfect for hosting friends and family!
SEE MORE
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- #1 World’s Busiest Airport(Airports Council International, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 2018)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
- Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
PRICE & RENT TRENDS
Neighborhood: Fairwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$271 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$104
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
6.33
YEARS SAVED
$21,071
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.52
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$0.55
COMP AVG. RENT PER SQFT
Comps Range
-
4182 Linkside Drive Powder Springs, GA 1
- 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,500
- $0.52
-
4945 Brown Leaf Drive Powder Springs, GA 2
- 4 beds 3 baths ∙ 3,197 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,197 Sqft ∙ Built 2007
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.52
-
1030 Cureton Drive Austell, GA 3
- 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,835
- $0.59
PROPERTY LISTING DETAILS
1.404.800.3159
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6812958
Last Updated: 11/26/2020
Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.
